Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-315true2023-01-01falseNo description of principal activity5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09737455 2023-01-01 2023-12-31 09737455 2022-01-01 2022-12-31 09737455 2023-12-31 09737455 2022-12-31 09737455 c:Director1 2023-01-01 2023-12-31 09737455 d:PatentsTrademarksLicencesConcessionsSimilar 2023-01-01 2023-12-31 09737455 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 09737455 d:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 09737455 d:CurrentFinancialInstruments 2023-12-31 09737455 d:CurrentFinancialInstruments 2022-12-31 09737455 d:Non-currentFinancialInstruments 2023-12-31 09737455 d:Non-currentFinancialInstruments 2022-12-31 09737455 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09737455 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09737455 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09737455 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09737455 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09737455 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 09737455 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09737455 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 09737455 d:ShareCapital 2023-12-31 09737455 d:ShareCapital 2022-12-31 09737455 d:SharePremium 2023-12-31 09737455 d:SharePremium 2022-12-31 09737455 d:CapitalRedemptionReserve 2023-01-01 2023-12-31 09737455 d:CapitalRedemptionReserve 2023-12-31 09737455 d:CapitalRedemptionReserve 2022-12-31 09737455 d:RetainedEarningsAccumulatedLosses 2023-12-31 09737455 d:RetainedEarningsAccumulatedLosses 2022-12-31 09737455 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09737455 c:OrdinaryShareClass1 2023-12-31 09737455 c:OrdinaryShareClass1 2022-12-31 09737455 c:OrdinaryShareClass2 2023-01-01 2023-12-31 09737455 c:OrdinaryShareClass2 2023-12-31 09737455 c:OrdinaryShareClass2 2022-12-31 09737455 c:OrdinaryShareClass3 2023-01-01 2023-12-31 09737455 c:OrdinaryShareClass3 2023-12-31 09737455 c:OrdinaryShareClass3 2022-12-31 09737455 c:FRS102 2023-01-01 2023-12-31 09737455 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09737455 c:FullAccounts 2023-01-01 2023-12-31 09737455 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09737455 6 2023-01-01 2023-12-31 09737455 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09737455









A MILLION ADS HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
A MILLION ADS HOLDINGS LIMITED
REGISTERED NUMBER: 09737455

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
32,096
20,199

  
32,096
20,199

Current assets
  

Debtors: amounts falling due within one year
 6 
4,176,137
4,184,452

Cash at bank and in hand
 7 
109,402
456,188

  
4,285,539
4,640,640

Creditors: amounts falling due within one year
 8 
(355,919)
(381,275)

Net current assets
  
 
 
3,929,620
 
 
4,259,365

Total assets less current liabilities
  
3,961,716
4,279,564

Creditors: amounts falling due after more than one year
 9 
(1,726,373)
(1,868,373)

  

Net assets
  
2,235,343
2,411,191


Capital and reserves
  

Called up share capital 
 11 
44
43

Share premium account
 13 
2,809,860
2,790,811

Other reserves
 13 
13,887
19,965

Profit and loss account
 13 
(588,448)
(399,628)

  
2,235,343
2,411,191


Page 1

 
A MILLION ADS HOLDINGS LIMITED
REGISTERED NUMBER: 09737455
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Dunlop
Director

Date: 19 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
A MILLION ADS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

A Million Ads Holdings Limited is a Limited Liability Company incorporated and registered in England and Wales. The registered office address is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Patents
-
33% Straight line

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
A MILLION ADS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

Page 4

 
A MILLION ADS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


4.


Intangible assets




Patents

£



Cost


At 1 January 2023
7,992



At 31 December 2023

7,992



Amortisation


At 1 January 2023
7,992



At 31 December 2023

7,992



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 5

 
A MILLION ADS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
20,199


Additions
11,897



At 31 December 2023
32,096





6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
4,176,137
4,184,452

4,176,137
4,184,452



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
109,402
456,188

109,402
456,188



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
270,833
343,750

Amounts owed to group undertakings
59,901
30,997

Accruals and deferred income
25,185
6,528

355,919
381,275


Page 6

 
A MILLION ADS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
250,000

Other loans
1,726,373
1,618,373

1,726,373
1,868,373


Loans totalling £270,833 are secured by way of a fixed and floating charge over the assets of the company.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
270,833
343,750


270,833
343,750

Amounts falling due 1-2 years

Bank loans
-
250,000


-
250,000

Amounts falling due 2-5 years

Other loans
1,726,373
1,618,373


1,726,373
1,618,373


1,997,206
2,212,123


Page 7

 
A MILLION ADS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2,984,925 (2022 - 2,857,925) Ordinary shares of £0.000010 each
29.849250
28.579250
1,337,918 (2022 - 1,337,918) Seed 1 convertible  shares of £0.000010 each
13.379180
13.379180
85,585 (2022 - 85,585) Seed 2 convertible shares shares of £0.000010 each
0.855850
0.855850

44.084280

42.814280


During the year 127,000 Ordinary shares of £0.00001 each were issued at a premium of £0.14999 per share.


12.


Share based payments

The company operates EMI and ISO share option incentives for a number of employees who are employed by a subsidiary company. At the Balance Sheet date, 227,154 (2022: 369,154) options were oustanding. 


13.


Reserves

Other reserves

Other reserves relates to the fair value of share options to be issued.

 
Page 8